SEC v. Gary S. Williky (insider trading, price manipulation, 2018)

Judgment entered

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In August 2018 a federal court entered a final judgment against Gary Williky, an investor relations consultant for Imperial Petroleum, barring him from serving as an officer or director, imposing penalties of $1,746,434 and ordering disgorgement and interest of $1,037,811. The SEC described the conduct as a market manipulation and insider trading scheme.

The record

What was ordered

Civil penalty

$1.7m

Disgorgement

—

Prejudgment interest

—

Total relief

$1.7m

Alleged gain

—

A dash means the release did not state a figure we could extract, not that the figure is zero. Penalty and disgorgement are stored separately so aggregates across the library do not double-count the same dollars.

What is alleged to have happened

The judgment, entered August 3, 2018, permanently enjoins Williky under Section 17(a), Section 10(b), the Section 9(a)(1) anti-manipulation provision and the Section 13(d) beneficial ownership rules, bars him from acting as an officer or director of public companies, and orders civil penalties of $1,746,434 and disgorgement with interest of $1,037,811, a total of $2,784,245. The release ends the litigation and refers to a parallel criminal matter. The disgorgement figure includes interest, so only the penalty is stored.

What technique is this, and how does it work?

This action is tagged with 2 techniques in our taxonomy. The tagging is ours: regulators charge statutory provisions, not technique names, so the mapping is an editorial judgement described in our editorial policy.

• Insider trading — see how it works, what statute it engages, and every other action tagged the same way.
• Price manipulation — see how it works, what statute it engages, and every other action tagged the same way.

Timeline

1. 2018-08-23 Litigation release published

Primary documents

Everything on this page derives from the documents below. Where our summary and the primary document disagree, the primary document is right.

• SEC litigation release

The linked release is a work of the United States government and is not subject to copyright. Our summary and narrative above are our own writing.

Same matter

The library links these 2 records because they appear to concern one matter: the same lead defendant, an overlapping technique tag and close filing dates, or a shared court docket or a release that cites the other. Records are listed by date filed.

This grouping is the library's, made by matching names, techniques, dates and citations when the site is built. It is not the regulator's or a court's determination that the records are one case, and it errs towards missing a link rather than making a false one.

Related actions

Other actions in the library sharing at least one technique tag with this one.

Record added September 10, 2026. submit a correction.